Tamil Nadu (English Medium) Plus 1 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
_________ is one of the statistical tool plays prominent role in agricultural experiments.

(A) Variance	(B) Analysis of variance (ANOVA)
(C) Analysis Estimation Theory	(D) Testing Statistical Hypothesis

Question-2 Statistics deals with

(A) Collection of data	(B)Factors of production
(C)Information technology	(D)Averages

Question-3 __________ helps in condensing mass data into a numerical measures.

(A) Economics	(B)Marketing
(C)Statistics	(D)Public finance

Question-4 ________ is summarised by calculating various numerical indices such as mean , variance and standard deviation.

(A) Data	(B)Information
(C)Policy	(D)Distribution

Question-5 Economic facts are known as

(A) Policy	(B)Data
(C)Information	(D)Statistics

Question-6
Statistics may be called the science of counting is the definition given by

(A) Croxton	(B) A.L.Bowley
(C) Bodelington	(D) Webster

Question-7 ________ involves collection and organizing of data.

(A) Economics	(B)Policies
(C)Statistics	(D)Variable

Question-8 Division of the national income into wages, profits, rent and interest is

(A) Production	(B)Consumption
(C)Distribution	(D)Demand

Question-9 _________ is the roof of economic problems.

(A) Wants	(B)Resources
(C)Scarcity	(D)Limited

Question-10 ________ is a person or organization that produce goods or services for sale.

(A) Consumer	(B)Producer
(C)Seller	(D)Investor

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Plus 1 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Definition, Scope and Limitations